Carbon Pulse

EUAs tumbled more than a euro on Wednesday as a weak clearance in Poland’s bumper auction followed by technical selling pushed carbon below another key support to continue this week's sell-off.

New Zealand’s NZX and Germany-based EEX have been picked to develop and operate the platform that will handle carbon allowance auctions in New Zealand.

A daily summary of our news plus bite-sized updates from around the world.

Third quarter emissions in the Northeast US RGGI cap-and-trade programme rose year-on-year, according to preliminary data, with market participants not anticipating CO2 output to decline significantly due the COVID-19 pandemic.

A Democrat-controlled US Congress could implement a carbon price by way of budget reconciliation if they take control of the Senate after next month’s election, avoiding procedural challenges that could stifle climate-related legislation even if Republicans lose the White House and upper chamber, a panel said Tuesday.

EUAs fell further towards €24 on Tuesday, further extending this week's four-month low and testing another important technical level as wider financial markets remained pressured by coronavirus concerns.

The UN is supporting North Macedonia to develop a roadmap to set up a national carbon tax in the coming months, according to a document seen by Carbon Pulse.

Poland will propose this week the creation of a new 'energy solidarity fund' for poorer EU nations and alternative free allowance allocation as part of next year’s EU carbon market revamp, according to a government paper.

French oil major Total has delivered its first shipment of carbon neutral LNG, the latest delivery to China’s National Offshore Oil Corporation (CNOOC).

South Korean CO2 allowances are recovering gradually amid steady demand, albeit in limited volumes and as regulatory uncertainties put a limit on available supply.

A daily summary of our news plus bite-sized updates from around the world.

*PREMIUM LISTING (viewable by non-subscribers) - Carbon Pulse is looking for a Net Zero Correspondent to help us bolster and expand our coverage of voluntary carbon markets and government and corporate strategies to achieve climate neutrality, as well as other measures and technologies that will complement these efforts.

The US Department of Justice’s (DOJ) appeal on constitutional challenges to the California-Quebec cap-and-trade linkage will not progress until shortly before Christmas, with the fate of the Nov. 3 presidential election set to weigh heavily on the case.

EUAs inched down to a new four-month low on Monday, as technical selling backed by supply- and pandemic-linked pressures held benchmark prices under €25 for a third straight session.

US biofuel credit (RIN) values rose to a one-month high at the end of last week on reports of fuel importers covering their Renewable Fuel Standard (RFS) obligations after booking shipments of European gasoline.

BASF is looking for a senior manager for chemicals and environmental policy to monitor EU policy and legislative trends, developing and implementing appropriate advocacy plans, representing BASF group, as well as internal and external communication regarding these themes.

BP is looking for a senior specialist to support bp Target Neutral (BPTN) and develop business opportunities by creating differentiation in the sustainability space, specifically through carbon reduction and offsetting.

China is likely to hand out 8-8.5 billion allowances for 2019 and 2020 when its emissions trading scheme eventually comes off the ground, starting off with a soft scheme that could be ramped up fairly quickly given the government’s recently announced climate ambitions, analysts said Monday.

Poland’s largest utility PGE will spin off its coal assets into a separate company by the end of 2021 to help secure access to loans to build new renewables facilities, its CEO confirmed on Monday, unveiling plans to reach zero emissions in 2050. 

Pollination is looking for an Executive Director to join its office in Sydney.